Tag: Ripple

Ripple, a US-based provider of financial settlement solutions, has added two new members to its Japanese banks consortium, Sumitomo Mitsui and MUFG.

As a result, the Asian consortium has 61 members, representing over 80% of total assets in Japan. SBI Ripple Asia created the consortium in August 2016, and consisted of 15 banks connected by a network, focused on Ripple’s blockchain technology for payments and settlement.

The consortium later grew to 47 banks that successfully completed a pilot implementation of the startup to enable real-time money transfers, both domestically and internationally.

The announcement said that three major banks, Sumitomo Mitsui Banking Corporation (SMBC), MUFG and Mizuho have joined the Japan bank consortium. Apart from these banks, Ripple also welcomes Japan Post Bank to the roster of the banks using Ripple for payments in Japan.

Furthermore, the startup said that it plans to launch a common mobile application later in 2017, for payments that will unite all the member banks’ customers worldwide.

Payza, a global payment platform, has expanded its Cryptocurrency Exchange to include several Bitcoin alternatives.

Clients will now be able to sell Ethereum, Ripple, Litecoin, Dash, Monero, Zcash and dozens of other cryptocurrencies on the platform and receive US dollars directly in their ewallets, which can then be loaded to their Payza Cards or withdrawn at an ATM.

In May 2017, Payza has added Bitcoin to its ewallet offering, allowing members to buy and sell the cryptocurrency and merchants to accept Bitcoin as a payment option. The company’s expansion of its Cryptocurrency Exchange allows users to deposit over 50 cryptocurrencies into their accounts.

The global payment platform plans to expand its altcoin exchange service to allow clients to buy altcoins from Payza. Furthermore, a new function that would allow cardholders to load their prepaid cards from Bitcoin or altcoin exchanges in just one action is also being developed.